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Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.
Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility. Luiz Solia, Vice President, Industry Principal Chemicals: Can supply chains continue to deliver maximum scale while preserving margins? Every major industry now faces a unique supply chain challenge.
The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,
CLM changed its name twenty years ago to the Council of Supply Chain Management Professionals (CSCMP) to be more inclusive of the source, plan, and make aspects of supply chain management. While we have end-to-end transactional processes (order to cash and procure-to-pay), there is no end-to-end planning solution. Demand Signals.
In producing oil, chemicals are injected into the ground to increase flow. The amount of chemical treatment is tied to the oil and gas production rates; treatments need to be adjusted as production rates vary. In many situations production treatment chemicals represent the second highest […].
What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Discrimination. Withholding an adequate wage.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Procurement solutions are often updated with purchased information.
At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. As disruptions become the norm, Supply Chain Planning and Source-to-Pay (S2P) cycles need to be increasingly dynamic and intertwined.
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action. We are to blame.”
What is the role of make, source, and deliver? Define a proactive approach and the value/economies of scale of planning manufacturing/transportation and sourcing together. Define the roles of the regions/divisions and global organization by division, and align the manufacturing, distribution and procurement functions.
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. In the current capacity constrained environment, such technologies will become a significant competitive advantage.
This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supply chain design. Switching to alternate sources of supply or modes of transportation should be considered as appropriate, and such alternates should be activated on a short notice.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
Chevron Phillips Chemical (CPChem) needed a technology that facilitated fast solutions to pressing problems. The Influence of Culture Chevron Phillips Chemical was established in 2000, as a joint venture between Chevron and Phillips 66. They chose an analytics platform from Seeq.
The discipline, first defined in 1982, includes source, make, deliver, and planning functions. Founded in 2000 by a group Global Process Industries, Elemica is a Supply Chain Operating Network enabling business-to-business commerce primarily in the chemical and rubber industries. The supply chain career is new. Evolution is messy.
The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 Following COVID-19 the global chemical supply chain market reported a severe decline in output.
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
For example, in the chemical industry don’t forget the importance of envelopes, material balances, reverse bill of materials, grades, etc. Don’t run a selection process through procurement or finance. Source: Horse for Courses definition Oxford Dictionary Avoid pitfalls. Analyze what is working and what is not.
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei.
Travin Singh (creator behind Crust Brewing) realised that if he could find bakery partners, he basically had access to a cheap local source of beer making raw materials. The circular economy is a cost saver and generally has less carbon emissions, because raw materials are sourced locally and therefore with less transportation.
Moller-Maersk Extends Lease at Port of NY and New Jersey Sealand - A Maersk Company Launches Hispaniola Service SupplyChainBrain Women in Procurement Struggle for Equality, Still More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain.
The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Additional product categories, including detergent, paint, lubricants and chemicals, will likely come under the rule in 2030 or later.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. And they can identify alternative sources in the event of a disruption in the primary supply line, whatever the cause. The conversations are becoming real,” he says.
SAP Ariba started as an indirect procurement network and lagged the market in developing multi-tier process definition.) No network crosses over the source, make, deliver processes. In addition, Nulogy does an excellent job of managing outsourced manufacturing for consumer products, but not bi-directional sourcing or logistics flows.
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What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action. We are to blame.”
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Time For Action. We are to blame.”
Webinars Watch: An Alternative to Traditional Battery-Making Technology for EVs Sourcing/Procurement/SRM Watch: Getting Ahead of Customs Compliance Violations Regulation & Compliance Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
Chipotle Mexican Grill says its goal to source and sell chicken that’s certified as humanely raised has been delayed because its suppliers weren’t able to make the necessary changes without disrupting supply. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.
In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. Historically, chemical companies buy from and sell to nearly every industry in the world, adding special demands for connectivity.
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Refractories are products that have been chemically engineered to resist high temperatures. They also have 20 sourcing locations across North America from which they can ship make to stock products. The sourcing centers are key to just-in-time, same-day, next-day deliveries. The company needs a very complete product line.
The ends of the supply chain–both in customer and procurement– are fragile. They would ask how social can impact their supply chain source, make and deliver processes. Last month, I was at a chemical manufacturer, and the Chief Supply Chain Officer walked me to the elevator. Total charges were $46 million with a $.09
A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Let’s take a closer look at sourcing. PFEP optimizes the policies that define how to procure each part. Days of Inventory by Industry Across Years.
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Consumer Packaged Goods (CPG) and chemical companies are close behind, but they are having difficulty “taking the hill.” Industries that have formed cross-functional leadership teams combining source, make and deliver together have made the fastest progress. Which industry sector can we learn from?”
We are seeing many developments in the chemical industry. At the Chemical Logistics Forum, held by the German Logistics Association (BVL) in the Höchst district of Frankfurt, participants got a first-hand look at current trends in the chemical logistics field. Production facilities can thus be scaled back.
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